Verod Capital Fully Exits HFP Engineering and Partially Exits GZ Industries (Sub-Saharan Africa)

Source: Verod Capital

Private equity firm Verod Capital has fully exited Nigeria-based property development and construction company HFP Engineering and has partially exited Nigeria-based aluminum can manufacturer GZ Industries (GZI). Verod initially acquired a 33 percent stake in HFP in 2008 and a 45.3 percent stake in GZI in 2009. Post-transaction, Verod continues to hold a 22.7 percent stake in GZI. Financial details of the two transactions were not disclosed.